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5Paisa Vs Zerodha Comparison 2020: Brokerage, Margin, Charges

5Paisa and Zerodha both are discount brokers that charge a hard and fast brokerage charge regardless of the trade volume.

So if you're a trader with a turnover of Rs. 25 Lakhs during a month with 20 trades, then your annual brokerage cost involves 20 trades x 12 months x Rs. 20 brokerage = Rs. 4,800 only.

Just imagine, if you're required to pay a particular percentage of the trading volume as brokerage. Like a 0.2% brokerage at a full-service broker. Your annual brokerage cost would have been Rs. 25 Lakhs x 12 months x 0.2% = Rs. 60,000.

Both 5Paisa and Zerodha are discount brokers offering low brokerage and decent platforms.

5 Paisa charges one among the most cost effective brokerages in India, i.e. a flat fee of Rs. 10 per order. The flat fee of Rs. 10 per order is under the Platinum & Titanium plan.

If you decide for Optimum plan then 5 Paisa charges a flat fee of Rs. 20 per order for all segments.

5 Paisa is that the only public listed company in discount broking space. Through 5 Paisa you'll trade/ invest in;

Stocks Futures and Options Currency F&O Mutual Funds Insurance Products For trader education, 5 Paisa has 700+ articles within the sort of a blog on their website. New traders can enjoy 5 Paisa School which has stock exchange learning courses.

I have compared the 2 top discount brokers Zerodha vs 5Paisa during this article. Before getting to the detailed review, let’s compare both the discount brokers on the idea of the foremost important parameters.

5Paisa Account Opening Charges 

The Demat and Trading account opening charges at 5 Paisa is free. you'll open a free All-in-one account.

However, there are plan charges as under;

Optimum Plan – No plan charges Platinum Plan – Rs. 499 per month Titanium Plan – Rs. 999 per month

Demat annual maintenance charges for various plans are as under;

Optimum Plan – Rs. 45 per traded month. Platinum Plan – Free Titanium Plan – Free

5 Paisa also has a particularly fast and paperless online account opening process. Just fill within the details and upload the required documents and you're ready for trade.

5 Paisa Demat & Trading Account Opening process 5 Paisa has three subscription plans;

Optimum Plan that has Demat and Trading Account with ZERO A/C Opening Fee and minimal leverage/ margin and benefits.

Platinum Plan comes at a further fee of Rs. 499 per month. The plan has free research advisory, zero DP cost & debit charges.

Titanium Plan comes at a further fee of Rs. 999 per month. You get Rs. 1000 worth of brokerage free, higher F&O exposure, free research advisory, zero DP cost & debit charges.

Conclusion

Using discount brokers for trading is best for saving on brokerages. But you ought to expect only an honest trading platform and minimal support. Any additional services are gains.

5 Paisa features a flat fee of Rs. 10 and three subscription plans. Whereas Zerodha features a higher fee of Rs. 20 but features a robust trading platform and low costing call to trade facility just in case you're unable to access the platform.